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Circular

Muscat Stock Exchange: Circular 22/2025 Al-Kawthar Fund Units Update


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Circular

Muscat Stock Exchange: Circular 21/2025 Gheras Endowment Investment Fund Units update


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Ministerial Decision

Muscat Stock Exchange: Administrative Decision 84/2025 Capital Increase of KHAZAEN DEVELOPMENT AND INVESTMENT Co. SAOC

This item was issued by the Muscat Stock Exchange in English and was not translated by Decree.


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Categories
Royal Decree

Royal Decree 58/2025 Declaring Public Benefit Status for the Project of Sultan Faisal Bin Turki Road (Dibba—Lima—Khasab) in the Governorate of Musandam

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

and the Law on the Expropriation for Public Benefit issued by Royal Decree 71/2023,

and in pursuance of public interest,

have decreed as follows

Article I

The project for Sultan Faisal bin Turki Road (Dibba—Lima—Khasab) in the Governorate of Musandam—specified in the attached note and masterplan—is hereby deemed a public benefit project.

Article II

The relevant entities may seize, through direct execution, real estate and land necessary for the mentioned project, and all establishments on them, in accordance with the provisions of the aforementioned Law on the Expropriation for Public Benefit.

Article III

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 28 Dhu Al-Hijja 1446
Corresponding to: 24 June 2025

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1602 issued on 30 June 2025.


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Royal Decree

Royal Decree 57/2025 Amending the Name of the Secretariat General of the Tender Board to the Projects, Tenders, and Local Content Authority, Determining Its Mandates, and Adopting Its Organisational Structure

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

the Tender Law issued by Royal Decree 36/2008,

the System of the Administrative Apparatus of the State issued by Royal Decree 75/2020,

Royal Decree 84/2020 regarding the Secretariat General of the Tender Board,

and Royal Decree 73/2023 Assigning the Mandates Relating to the Review of Contracts to the Secretariat General of the Tender Board by Way of Transfer from the Ministry of Justice and Legal Affairs,

and in pursuance of public interest,

have decreed as follows

Article I

The name of the “Secretariat General of the Tender Board” is hereby amended to the “Projects, Tenders, and Local Content Authority”. It has legal personality, enjoys financial and administrative independence, and is subordinate to the Council of Ministers.

Article II

The Projects, Tenders, and Local Content Authority must have a president with the special grade appointed by royal decree.

Article III

The President of the Projects, Tenders, and Local Content Authority shall manage all the administrative and financial affairs of the authority, and shall represent it in its relations with others and before the judiciary. He has the powers of the head of the unit stipulated in the laws and royal decrees applicable to the units of the administrative apparatus of the state.

Article IV

The Projects, Tenders, and Local Content Authority shall assist the Tender Board and the executive committee formed by a decision by the Council of Ministers for following up the implementation of the local content policy in regard to the exercise of their prescribed mandates, by carrying out all technical and administrative work and providing the necessary logistical services required for this.

Article V

The mandates of the Projects, Tenders, and Local Content Authority are hereby determined in accordance with the attached annex 1.

Article VI

The organisational structure of the Projects, Tenders, and Local Content Authority is hereby adopted in accordance with the attached annex 2.

Article VII

The provisions of this decree do not prejudice any mandates prescribed to the Tender Board in laws and royal decrees.

Article VIII

The phrases “Secretariat General of the Tender Board” and “Secretary General of the Tender Board” are hereby replaced with the phrases “Projects, Tenders, and Local Content Authority” and “President of the Projects, Tenders, and Local Content Authority” wherever they occur in laws and royal decrees.

Article IX

The mentioned Royal Decrees 84/2020 and 73/2023 are hereby repealed, as well as all that is contrary to this decree or in conflict with its provisions.

Article X

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 28 Dhu Al-Hijja 1446
Corresponding to: 24 June 2025

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1602 issued on 30 June 2025.


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Royal Decree

Royal Decree 56/2025 Issuing the Personal Income Tax Law

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

the System for the Collection of Taxes, Fees, and Other Amounts Due to Units of the Administrative Apparatus of the State issued by Royal Decree 32/94,

the Income Tax Law issued by Royal Decree 28/2009,

the Value Added Tax Law issued by Royal Decree 121/2020,

the Electronic Transactions Law issued by Royal Decree 69/2008,

Royal Decree 66/2019 Establishing the Tax Authority,

and Royal Decree 42/2020 issuing the System of the Tax Authority and Approving Its Organisational Structure,

and after presentation to Majlis Oman,

and in pursuance of public interest,

have decreed as follows

Article I

The attached Personal Income Tax Law hereby applies.

Article II

The Chairman of the Tax Authority shall issue the executive regulation of the attached law within a year from the date of its publication in the Official Gazette, and shall also issue the necessary decisions for the implementation of its provisions.

Article III

Article 18bis(1) of the mentioned Income Tax Law is hereby repealed, as well as all that is contrary to the attached law or in conflict with its provisions.

Article IV

This decree must be published in the Official Gazette, and comes into force on 1 January 2028.

Issued on: 26 Dhu Al-Hijja 1446
Corresponding to: 22 June 2025

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1602 issued on 30 June 2025.


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Royal Decree

Royal Decree 55/2025 Declaring Public Benefit Status for the Development Project of Bawshar Sands in the Governorate of Muscat

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

and the Law on the Expropriation for Public Benefit issued by Royal Decree 71/2023,

and in pursuance of public interest,

have decreed as follows

Article I

The Development Project of Bawshar Sands in the Governorate of Muscat—specified in the attached note and masterplan—is hereby deemed a public benefit project.

Article II

The competent entities may seize, through direct execution, lands necessary for the project stipulated in article I, in accordance with the provisions of the mentioned Law on the Expropriation for Public Benefit.

Article III

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 23 Dhu Al-Hijja 1446
Corresponding to: 19 June 2025

Haitham bin Tarik
Sultan of Oman


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Categories
Circular

Muscat Stock Exchange: Circular 20/2025 List of Shariah Compliant Companies and the Purification Ratios According to the Financial Statements of the First Quarter, 2025


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Categories
Ministerial Decision

Muscat Stock Exchange: Administrative Decision 82/2025 Listing of the Sovereign Sukuk-Isuue Nine

2025/82 82/2025


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Ministerial Decision

Muscat Stock Exchange: Administrative Decision 81/2025 Capital Increase of OSARA Co SAOC

2025/81 81/2025


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